Santiment: Bitcoin Market Sentiment Shifts from Extreme Pessimism to Extreme FOMO, Still Room for Further Upside

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On April 24, Santiment posted on platform X that the sentiment in the Bitcoin market has shifted from extreme pessimism on Monday to extreme FOMO by Thursday. Bitcoin faced pressure at the $80,000 mark and, amidst the spread of market fear, which could have led to a significant drop, this actually served as a clear buy signal. Today, the price quickly rebounded, surpassing $78,700. The price is now testing the $80,000 level again, and the market’s fear of missing out has significantly intensified, serving as a clear warning signal. There is still room for further upside; if this key resistance level is effectively broken, it will greatly attract new traders and bring back old funds. However, the ideal scenario would be to complete the breakout after a slight cooling of market optimism.

BTC-0.45%
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